Tuesday, 14 July 2015

Tanzania: NBC Expands Islamic Banking Products in Zanzibar

Zanzibar residents have something to celebrate following the introduction of more than 10 Islamic banking products that fit to businessmen, government employees and other people.

Speaking during an Iftar organized by the National Bank of Commerce (NBC) to its customers during Holy Month of Ramadhan at the weekend in Zanzibar, NBC Bank Head of Islamic Banking, Mr Nassir Masoud said people in the Isles have reasons to celebrate.

He said the establishment of Islamic banking inside the NBC as a product have made them to adhere to their Islamic creed based on the Quran.

He said NBC established Islamic banking product at NBC five years ago and encouraged a number of new customers in the Isles who were seeking to have and purchase new Islamic products offered by the bank.

"NBC will continue to offer most and affordable Islamic banking products in Zanzibar in order to make sure that we meet customer satisfactions and to boost the growing financial market in the country", he said.

He underscored that NBC has taken into consideration all of its customers such as employees, small and other medium business people by also introducing Islamic Affluent Current Account.